‘Don’t Be Weak, Don’t Be A PANICAN’: Trump To Americans As Tariffs Batter US Bourses
US President Donald Trump on Monday urged Americans to resist panic and stand firm as trade tensions rose globally.
After his tariffs upended global markets and declared that the US has a chance to take decisive action “that should have been done decades ago.”
In a post on Truth Social, Trump coined a new term – Panican – describing it as “a new party based on Weak and Stupid people.” He warned against wavering in the face of international retaliation to US tariffs, urging Americans to be “strong, courageous, and patient,” promising that “greatness will be the result”.
Trump accused other countries of “taking advantage of the Good OL’ USA!” on international trade and said “our past ‘leaders’ are to blame for allowing this.”
The Republican president has insisted his tariffs are necessary to rebalance global trade and rebuild domestic manufacturing. He has singled out China as “the biggest abuser of them all” and criticized Beijing for increasing its own tariffs in retaliation.
He also called on the Federal Reserve to lower interest rates. On Friday, Federal Reserve Chair Jerome Powell warned that the tariffs could increase inflation, and he said “there’s a lot of waiting and seeing going on, including by us,” before any decisions would be made.
Trump spent the weekend in Florida, arriving on Thursday night to attend a Saudi-funded tournament at his Miami golf course. He stayed at Mar-a-Lago, his private club in Palm Beach, and golfed at two of his properties nearby.
On Sunday, he posted a video of himself hitting a drive, and he told reporters aboard Air Force One that evening that he won a club championship.
“It’s good to win,” Trump said. “You heard I won, right?”
He also said that he wouldn’t back down from his tariffs despite the turmoil in the global markets.
“Sometimes you have to take medicine to fix something,” Trump said.